Coming out of the weekend, analyzing the latest data, the impact between federal government employees, those on benefit programs impacted, and also through travel delays has reached about 20%-22% of the U.S. population. Also, economic estimates now show that overall impacts to the U.S. economy are starting to show – with the GDP growth forecast being cut by just under 1% most recently.

Since 2000, Florida’s population growth has been 116%. During that same time property tax revenue collection has risen by a staggering 370%. In other words, property taxes have risen at greater than 3x the rate of population growth!

As of Friday, 91% of companies reported earnings for the third quarter with 13.1% year-over-year growth, which is much stronger than the 7.9% expected. This week will likely be a pivotal week as investors weigh whether a correction is the next step for the market or if last week’s tech selling is just a pause. Much of that will likely come down to if the shutdown ends. Related, the monthly inflation reports (CPI and PPI) are scheduled for Thursday though they may likely be delayed by the shutdown.

Your daily recap of the biggest news from around the state that impacts you throughout the Palm Beaches and Treasure Coast.

Did you know that over the past ten years only 33 House Democrats have voted in a more bi-partisan way than Nancy Pelosi? In fact, did you know that Nancy Pelosi co-sponsored 14% of the legislation proposed by Republicans over the past decade that eventually became a law?

Compassion and aid is best provided through non-profits, faith groups and the private sector. Compassion is never successfully provided through government-imposed socialism. It’s insidious.

Interview: Drug Deal, Abraham Accords & Govn't Shutdown w/White House Correspondent Jon Decker

Your daily recap of the biggest news from around the state that impacts you throughout the Palm Beaches and Treasure Coast.

What I took away from the tariff hearing yesterday is two-fold. First, it’s not a question as to if President Trump will lose his tariff case. It appears likely that he will – the question is the margin of the split. I think a 6-3 ruling against the tariffs is very likely. The other question is the extent to which they rein the executive use of tariff policy.

To further put this into perspective, consider this. What was the last year that the state of Virigina (which elects a new governor every four years because they can’t serve consecutive terms) elected a governor of the same party as a newly elected president?  The answer is 1969. It hasn’t happened in 56 years...and counting.